Trump announces a 30% tariff on the EU and Mexico, the market will face a test.

On July 13, analysts stated that the financial market, increasingly insensitive to the threats of U.S. tariffs, will face a test when it opens on Monday. This comes after Trump announced over the weekend that starting August 1, a 30% tariff would be imposed on the EU and Mexico. Recently, Trump has intensified trade measures, pledging to impose more tariffs on all countries from Canada to Brazil to Algeria, and inviting trade partners for further negotiations. Although warnings have been issued by figures like JPMorgan CEO Jamie Dimon not to underestimate the situation, so far, investors' reactions seem to be banking on the expectation that the U.S. president will make further concessions, as they have witnessed a previous 180-degree turnaround. Brian Jacobsen, chief economist at Annex Wealth Management, stated: "Investors should not merely regard Trump's 30% tariff threat on EU goods as bluster; this tariff level is punitive, but it may harm the EU more than it impacts the U.S., so time is ticking down."